About You is a business that sells new and existing shares with a minimum of € 600 million and a maximum of € 914 million, with a price range of € 21 to € 26 per share.
About You shareholders include not only Otto, but best seller Owner Anders Hoch Povlsen and his family.
The proceeds from the private placement will be invested in the international expansion of About You and the enhancement of the B2B technology platform. The platform offers Shopify-style services to other retailers and reflects the recent transition to such services with many major names.
The company is listed on the Frankfurt Stock Exchange as the European lockdown easing is expected to boost sales of events and partywear that the webstore specializes in.
About You We had a tough time during the pandemic lockdown, as the outing category dominates the offer. However, as a result of fine-tuning the lineup, revenue increased by 57% to € 1.17 billion in the year to February.
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About You is targeting an IPO with a valuation of € 4 billion
Source link About You is targeting an IPO with a valuation of € 4 billion